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U.S. Bancorp gives $15,000 for kids' books
U.S. Bancorp announced that its recent grant to the Washington
literacy organization, Books for Kids, helped mark a major milestone in its
contributions program. The $15,000 grant helped push the banks' total cash
contributions over the past ten years to more than $150 million.
Books for Kids collaborates with schools and social service
agencies statewide providing new books to needy children and encouraging
reading in their homes.
"We are and have always been committed to improving the
communities where we do business," said Phyllis Campbell, president of
U.S. Bank in Washington. "Books for Kids is an organization that shares our
commitment to providing educational opportunities for disadvantaged
"Without early exposure to reading, children often struggle
academically and are at increased risk for dropout and teen pregnancy," said
Keltie Wright, executive director of Books for Kids. "Together, U.S. Bank
and Books for Kids can help prevent such setbacks."
In addition to Books for Kids, 11 other grants were made throughout
the company's 16-state territory, helping to push the bank's cash giving
above the $150 million milestone. U.S. Bancorp contributed more than
$22 million in cash grants to its communities in 1999 in areas including
affordable housing, economic development, K-12 education, artistic and
cultural enrichment and the United Way. The company's employees
donated thousands of volunteer hours and contributed personal cash gifts to
non-profit organizations, for which the company contributed more than
$1 million in matching gifts.